1953 vs. 2015 – A Tale of Two Debt Reliefs

By

Giles Turner

Jul 6, 2015 8:55 am ET

German Chancellor Angela Merkel is on her way to Paris to begin talks with French counterpart François Hollande regarding Greece’s shock ‘no’ vote on Sunday. It may seem hard to believe, but just over 60 years ago, it was Greece talking with France about the fate of Germany’s economy.